11/11/2010

WB: Turkey’s performance better than pre-crisis levels

Dunya - Ulrich Zachau, the World Bank’s Country Director for Turkey, said the country’s employment rates have bounced back to the levels before the global financial crisis and that the Turkish economy is on course for growth again.

“Rising exports helped Turkey in its recovery,” said Zachau, adding that the EU is also a major destination for Turkish exports. “Turkey receives foreign loans to finance investments and a 7 percent high growth rate is expected. GDP is also better than pre-crisis levels with the added-value of the growing economy. Turkey is one of the few countries that are actually performing better than they were before the financial crisis,” Zachau remarked.

“Turkey is an excellent choice for investments with its favorable investment and business environment,” he added.
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turkey; world bank; country director; Ulrich zachau; Turkish economy; economic growth; turkish exports